IRIS Accounts Production v23.4.0.336 04781736 Board of Directors 1.7.22 30.6.23 30.6.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh047817362022-06-30047817362023-06-30047817362022-07-012023-06-30047817362021-06-30047817362021-07-012022-06-30047817362022-06-3004781736ns15:EnglandWales2022-07-012023-06-3004781736ns14:PoundSterling2022-07-012023-06-3004781736ns10:Director12022-07-012023-06-3004781736ns10:PrivateLimitedCompanyLtd2022-07-012023-06-3004781736ns10:SmallEntities2022-07-012023-06-3004781736ns10:AuditExempt-NoAccountantsReport2022-07-012023-06-3004781736ns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3004781736ns10:SmallCompaniesRegimeForAccounts2022-07-012023-06-3004781736ns10:FullAccounts2022-07-012023-06-3004781736ns10:Director22022-07-012023-06-3004781736ns10:RegisteredOffice2022-07-012023-06-3004781736ns5:CurrentFinancialInstruments2023-06-3004781736ns5:CurrentFinancialInstruments2022-06-3004781736ns5:Non-currentFinancialInstruments2023-06-3004781736ns5:Non-currentFinancialInstruments2022-06-3004781736ns5:ShareCapital2023-06-3004781736ns5:ShareCapital2022-06-3004781736ns5:RetainedEarningsAccumulatedLosses2023-06-3004781736ns5:RetainedEarningsAccumulatedLosses2022-06-3004781736ns5:PlantMachinery2022-06-3004781736ns5:FurnitureFittings2022-06-3004781736ns5:ComputerEquipment2022-06-3004781736ns5:PlantMachinery2022-07-012023-06-3004781736ns5:FurnitureFittings2022-07-012023-06-3004781736ns5:ComputerEquipment2022-07-012023-06-3004781736ns5:PlantMachinery2023-06-3004781736ns5:FurnitureFittings2023-06-3004781736ns5:ComputerEquipment2023-06-3004781736ns5:PlantMachinery2022-06-3004781736ns5:FurnitureFittings2022-06-3004781736ns5:ComputerEquipment2022-06-3004781736ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3004781736ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-30
REGISTERED NUMBER: 04781736 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

The Traditional Winerack Company Limited

The Traditional Winerack Company Limited (Registered number: 04781736)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Traditional Winerack Company Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mr T Lewis
Mr L Kolmevik





REGISTERED OFFICE: Broom House
39/43 London Road
Hadleigh
Benfleet
Essex
SS7 2QL





REGISTERED NUMBER: 04781736 (England and Wales)





ACCOUNTANTS: BPSL
Brooms Professional Services Limited
Chartered Certified Accountants
Broom House
39/43 London Road
Hadleigh, Benfleet
Essex
SS7 2QL

The Traditional Winerack Company Limited (Registered number: 04781736)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,998 19,998

CURRENT ASSETS
Stocks 5 98,125 128,125
Debtors 6 14,689 103,089
Cash at bank and in hand 313 8,816
113,127 240,030
CREDITORS
Amounts falling due within one year 7 264,927 380,660
NET CURRENT LIABILITIES (151,800 ) (140,630 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(136,802

)

(120,632

)

CREDITORS
Amounts falling due after more than one
year

8

37,560

52,663
NET LIABILITIES (174,362 ) (173,295 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (175,362 ) (174,295 )
(174,362 ) (173,295 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The Traditional Winerack Company Limited (Registered number: 04781736)

Balance Sheet - continued
30 June 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 January 2024 and were signed on its behalf by:





Mr L Kolmevik - Director


The Traditional Winerack Company Limited (Registered number: 04781736)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

The Traditional Winerack Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 11 ) .

The Traditional Winerack Company Limited (Registered number: 04781736)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Equipment Totals
£    £    £    £   
COST
At 1 July 2022
and 30 June 2023 91,478 12,120 399 103,997
DEPRECIATION
At 1 July 2022 75,239 8,388 372 83,999
Charge for year 4,060 933 7 5,000
At 30 June 2023 79,299 9,321 379 88,999
NET BOOK VALUE
At 30 June 2023 12,179 2,799 20 14,998
At 30 June 2022 16,239 3,732 27 19,998

5. STOCKS
30.6.23 30.6.22
£    £   
Stocks 98,125 128,125

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 3,272 34,837
VAT - 2
Prepayments 11,417 68,250
14,689 103,089

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 7,350 11,512
Other loans 10,000 10,000
Trade creditors 102,536 136,259
Social security and other taxes 30,822 37,963
Inter company 60,128 179,493
VAT 33,047 -
Other creditors 12,998 3,233
Directors' current accounts 3,646 -
Accrued expenses 4,400 2,200
264,927 380,660

The Traditional Winerack Company Limited (Registered number: 04781736)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans - 1-2 years 7,350 7,350
Bank loans - 2-5 years 7,710 15,313
Other loans - 1-2 years 10,000 10,000
Other loans - 2-5 years 12,500 20,000
37,560 52,663